Requesting coding experts help for a Code in AFL to scan divergences between a stock - Spot and Futures price.
Basic idea is that spot and futures prices move in tandem to each other and deviations can lead to reversal.
So, when we have 50 symbols in our list, the code should scan between each stocks spot and its future.
Need not worry about the coding part for divergence as I can share it. The main thing is the code should work to scan between a symbols spot and its future price for a list of 50 symbols.
Example for Sell signal: Below is an image showing a stocks spot price and its future price, where spot made its new high, but future did not make its new high.
Basic idea is that spot and futures prices move in tandem to each other and deviations can lead to reversal.
So, when we have 50 symbols in our list, the code should scan between each stocks spot and its future.
Need not worry about the coding part for divergence as I can share it. The main thing is the code should work to scan between a symbols spot and its future price for a list of 50 symbols.
Example for Sell signal: Below is an image showing a stocks spot price and its future price, where spot made its new high, but future did not make its new high.